37401 Richmond, Palmdale, California 93552, Palmdale, 93552 - 3 bed, 3 bath
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Palmdale, California 93552
This Single-Family Residence presents a High-Potential Investment Opportunity with a List Price of $350,000—positioned well below the $527,726 Fair Market Value by 34%. This significant valuation gap offers $177,726 in Instant Equity for buyers prepared to modernize the 1988 interior. While currently holding a Fair Condition Rating, the property features desirable Mountain Views and an expansive 10,698 sqft Lot with high utilization potential. Located in the Palmdale High School District, this asset is a high-reward acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 37401 Richmond Subject | $480,000* List Price | 3 | 3 | 1,793 | $268 | - |
A 37718 Clark Court Sold | $448,000 | 3 | 3 | 1,733 | $259 | 0.8 mi |
B 38116 Meadow Wood Street Sold | $445,000 | 3 | 2 | 1,384 | $322 | 1.0 mi |
C 37555 Sulphur Springs Rd Street Sold | $450,000 | 3 | 2 | 1,571 | $286 | 0.4 mi |
D 4853 Katrina Sold | $525,000 | 4 | 3 | 1,941 | $270 | 0.7 mi |
E 37712 Duffel Street Sold | $490,000 | 4 | 3 | 1,929 | $254 | 0.6 mi |
F 37230 45th St E E Active | $492,000 List Price | 4 | 3 | 1,846 | $267 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this property is 36 years old. While the description notes a 'functional kitchen' and 'open living area,' there is no explicit mention or visual evidence of recent major renovations to key areas like the kitchen or bathrooms. The single exterior image shows a well-maintained but not recently updated facade. Without interior photos, it's reasonable to assume that a home of this age, lacking stated renovations, would feature outdated styles and components in its kitchen and bathrooms, requiring minor updates to meet current aesthetic and functional standards. This aligns with the 'Fair' criteria for properties built within the last 25-40 years with no major renovations since construction, where major components are functional but show signs of being outdated.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10698, living area = 1793.
Located in a quiet neighborhood, the property offers excellent convenience with close proximity to schools, shopping, parks, and commuter routes, appealing to a broad range of buyers.
The home features an open living area with abundant natural light, a functional kitchen, and well-sized bedrooms, providing comfortable and practical living spaces for families or guests.
Built in 1988, the property is 36 years old. While described as functional, the lack of explicit mention of recent major renovations could suggest a need for future updates or maintenance on key systems.
The 'on_market_date' and 'modified_timestamp' are listed in the future (2025), which is a significant data anomaly that could cause confusion regarding the listing's true status or accuracy.
The property was sold for $530,000 in 2022 and is currently listed at $525,000. This slight decrease or lack of appreciation in a relatively short period might raise questions for potential buyers about its market value or underlying condition.
Welcome to 37401 Richmond St, a bright and inviting home offering comfort, space, and convenience. This property features an open living area with plenty of natural light, a functional kitchen, and well-sized bedrooms perfect for family or guests. The backyard provides ample room for entertaining, gardening, or relaxing outdoors. Located in a quiet neighborhood close to schools, shopping, parks, and commuter routes, this home is ideal for anyone seeking value and practicality in a desirable area. Don’t miss this wonderful opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,793 | 1,925 | 44% |
| Lot Size | 10,698 | 7,104 | 92% |
| Price | $480.0K | $500.0K | 38% |
| Price per sq ft | $268 | $270 | 48% |
| Built year | 1988 | 1990 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 179 | 155 | 55% |
May 23, 2026
$480,000
$350,000
+37% Price Increase
Initial Listing
Mar 4, 2026
$350,000
$525,000
-33% Price Drop
Initial Listing
Dec 9, 2025
$525,000
Initial Listing
Aug 12, 2022
$530,000
Public Record
May 31, 2016
$275,000
Public Record